Expert judgement based maintenance decision support method for structures with a long service-life

The optimal moment at which maintenance activities should be performed on structures with long service-life to guarantee the required quality of service is hard to define, due to uncertainties in their deterioration processes. Most of the developed methods and concepts use historical data to predict the deterioration process with deterministic...

Untangling decision tree and real options analyses: a public infrastructure case study dealing with political decisions, structural integrity and price uncertainty

Managerial flexibility in infrastructure investment and replacement decisions adds value. Real options analysis (ROA) captures this value under uncertain market prices. The concept of ROA is that future unfavourable payoffs can be deferred as soon as more information about market prices becomes available. The popularity of ROA is seen in a...

Bounding the probability of resource constraint violations in multi-agent MDPs

Multi-agent planning problems with constraints on global resource consumption occur in several domains. Existing algorithms for solving Multi-agent Markov Decision Processes can compute policies that meet a resource constraint in expectation, but these policies provide no guarantees on the probability that a resource constraint violation will...

Planning Under Uncertainty for Aggregated Electric Vehicle Charging with Renewable Energy Supply

Renewable energy sources introduce uncertainty regarding generated power in smart grids. For instance, power that is generated by wind turbines is time-varying and dependent on the weather. Electric vehicles will become increasingly important in the development of smart grids with a high penetration of renewables, because their flexibility makes...

Planning under Uncertainty for Aggregated Electric Vehicle Charging using Markov Decision Processes

The increasing penetration of renewable energy sources and electric vehicles raises important challenges related to the operation of electricity grids. For instance, the amount of power generated by wind turbines is time-varying and dependent on the weather, which makes it hard to match flexible electric vehicle demand and uncertain wind power...

Planning under Uncertainty with Weighted State Scenarios

In many planning domains external factors are hard to model using a compact Markovian state. However, long-term dependencies between consecutive states of an environment might exist, which can be exploited during planning. In this paper we propose a scenario representation which enables agents to reason about sequences of future states. We show...